Forex Trading

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archonmage
Gold Forum Contributor
Posts: 128
Joined: Tue Jun 21, 2011 12:34 pm
Location: Sengkang

Re: Forex Trading

Post by archonmage »

candy_chia wrote:Hi archonmage,

Actually just trying different margin.

Is it advisable to use 2% margin instead?

What do you mean by "in local contact, the margin is cap at 2% margin based on MAS rulings"? Are you referring to shares investment or forex trading?

Sorry if my question sounds ridiculous. Just started exploring forex trading.
Personally, I would prefer to use the maximum leverage if possible. Of course, it is a double-edge sword. But since I am adopting carry trade strategy, maximum leverage will give me the highest return especially when my position is protected and set to break even.

Under MAS rulings, the maximum leverage is 50 times for Forex, which is equivalent to 2% margin.

Regards,
archonmage
High Returns does not equate to High Risk
AndrewNg
Gold Forum Contributor
Posts: 85
Joined: Wed Oct 07, 2009 9:54 am

Re: Forex Trading

Post by AndrewNg »

Hi Everyone,
For those trading Aud/JPY, do take note of the following news:

http://www.theaustralian.com.au/busines ... 6455183017

http://globaleconomicanalysis.blogspot. ... z24kpncBGy

regards
Andrew
archonmage
Gold Forum Contributor
Posts: 128
Joined: Tue Jun 21, 2011 12:34 pm
Location: Sengkang

Re: Forex Trading

Post by archonmage »

AndrewNg wrote:Hi Everyone,
For those trading Aud/JPY, do take note of the following news:

http://www.theaustralian.com.au/busines ... 6455183017

http://globaleconomicanalysis.blogspot. ... z24kpncBGy

regards
Andrew
These info quoted by Andrew are definitely considerations which need to be aware when dealing with the AUD/JPY pair.

Andrew, thanks for pointing it out.

Regards,
archonmage
High Returns does not equate to High Risk
findleowong
Platinum Forum Contributor
Posts: 188
Joined: Mon Nov 16, 2009 12:22 am

Re: Forex Trading

Post by findleowong »

This is one good & practical investment blog that i have been following all this while and there is a blog post on Forex Scalping.

http://www.passivedividendinvestor.com/ ... investors/
AndrewNg
Gold Forum Contributor
Posts: 85
Joined: Wed Oct 07, 2009 9:54 am

Re: Forex Trading

Post by AndrewNg »

Hi Everyone,

Those interested in Australian economy might also be interested to read the following analysis :

http://seekingalpha.com/article/837631- ... o-sell-off

Just be careful not to be too overly optimistic into long position of Aussie dollar.

regards
Andrew
candy_chia
Investing Mentor
Posts: 1731
Joined: Sun Jul 17, 2011 11:36 am

Re: Forex Trading

Post by candy_chia »

Hi Andrew,

Thank you for the warning.

AUD/JPY was swinging wildly like a roller coaster yesterday, only recovered slightly above 81.20 for a few minutes, after which spiraled downward (10MA already cut 20MA below) & closing at 80.884.
AndrewNg wrote:Hi Everyone,

Those interested in Australian economy might also be interested to read the following analysis :

http://seekingalpha.com/article/837631- ... o-sell-off

Just be careful not to be too overly optimistic into long position of Aussie dollar.

regards
Andrew
candy_chia
Investing Mentor
Posts: 1731
Joined: Sun Jul 17, 2011 11:36 am

Re: Forex Trading

Post by candy_chia »

Dollar extends losses vs euro after US non-farm payrolls data
NEW YORK, Sept 7 | Fri Sep 7, 2012 6:09pm IST

(Reuters) - The dollar extended losses against the euro and fell against the yen on Friday after a report showed a smaller-than-expected rise in U.S. nonfarm payrolls in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy. For more details, click

The euro last traded at $1.2735up from the $1.2715 it traded at before the report.

The dollar was last at 78.52, compared with 78.88 yen prior to the data.

http://in.reuters.com/article/2012/09/0 ... N320120907
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